BNY Mellon Launches BNY Mellon Clearing International

NEW YORK and DUBLIN, June 15, 2011 -

- New company to clear
futures and derivatives trades for institutional clients in Europe,
Middle East and Africa

BNY Mellon, the global leader in investment management and
investment servicing, today announced the creation of a new company
to clear futures and derivatives trades on behalf of institutional
clients in Europe, Middle East and Africa.  Headquartered in
Dublin, the business, BNY Mellon Clearing International Limited
(”BNY Mellon Clearing International” or “BNYMCIL”) is the first
MiFID authorised futures and derivatives clearing entity in Ireland
and is regulated by the Central Bank of Ireland. It plans to become
a clearing member on major exchanges and central clearinghouses
globally to support the trading activities of BNY Mellon clients
and intends to lead to the creation of 50 new jobs in Ireland over
the next two years.

BNY Mellon Clearing International will be an important addition
to BNY Mellon’s Irish operations where the company is ranked the
number one fund administrator and currently employs over 1,800
employees, offering a broad range of services to traditional and
alternative asset managers, banks, pension funds, insurance
companies and corporates.  Tim Murphy will serve as head of
BNY Mellon Clearing International for Europe, Middle East and
Africa, reporting to Sanjay Kannambadi, CEO and global head of BNY
Mellon Clearing LLC (BNYMC), who is based in the company’s New York
headquarters.

The company plans to clear listed futures and option trades on
behalf of institutional clients. Services are expected to include
general operations; including trade novation, margin management,
risk management, and reporting. As over the counter (OTC) swaps
move into control clearing, BNY Mellon Clearing International and
BNYMC will provide solutions to clear these products.

“As a leading securities servicer for major derivatives
participants, BNY Mellon provides a comprehensive clearing solution
to our institutional clients through BNY Mellon Clearing. Through
this new entity, we can now offer clients clearing member services
for exchange-traded derivative products on exchanges and clearing
houses both in the US and Europe,” said Art Certosimo, CEO of
Global Markets at BNY Mellon, responsible for the derivatives
clearing business.

Sanjay Kannambadi, CEO and global head of BNY Mellon Clearing
commented, “given the significant regulatory and competitive shifts
in the market following the financial crisis, the formation of BNY
Mellon Clearing International was strategically timed to meet the
emerging and growing needs of our clients. It is critical that we
support our clients wherever they want to clear their
transactions”.

BNY Mellon Clearing LLC already supports the trading activity of
clients by providing direct clearing services with major exchanges
and central clearinghouses including the New York Mercantile
Exchange, Chicago Board of Trade and International Derivatives
Clearing Group. The company intends to continue to expand the
roster of exchanges through which it clears.

Notes to Editors

BNY Mellon Clearing provides derivatives clearing services in
the U.S. through BNY Mellon Clearing, LLC, a US registered futures
commission merchant and a member of the National Futures
Association, is a wholly owned, non-bank subsidiary of The Bank of
New York Mellon Corporation. 

BNY Mellon opened its first office in Ireland in 1994 and
received approval from the Central Bank of Ireland to establish a
new bank licensed entity in Ireland in 2009.  It currently
employs over 1,800 employees in Ireland, located in Cork, Wexford,
Navan, and Dublin and offers a broad range of services to
traditional and alternative asset managers, banks, pension funds,
insurance companies and corporates.  In Ireland, BNY Mellon
offers a range of services including asset servicing, alternative
investment services and corporate trust.  Pershing, a
subsidiary of BNY Mellon, also has a presence in Ireland.

BNY Mellon is a global financial services company focused on
helping clients manage and service their financial assets,
operating in 36 countries and serving more than 100 markets.
 BNY Mellon is a leading provider of financial services for
institutions, corporations and high-net-worth individuals, offering
superior investment management and investment services through a
worldwide client-focused team.  It has $25.5 trillion in
assets under custody and administration and $1.2 trillion in assets
under management, services $11.9 trillion in outstanding debt and
processes global payments averaging $1.7 trillion per day.
 BNY Mellon is the corporate brand of The Bank of New York
Mellon Corporation (NYSE: BK).  Additional information is
available at href="www.bnymellon.com/">www.bnymellon.com/.

    This press release is issued by The Bank of New York Mellon to members of
    the financial press and media do not constitute investment, legal, tax or
      other advice or a recommendation to enter into any transaction or an
    offer or an agreement, or a solicitation of an offer or an agreement, to
       enter into any transaction (including, without limitation, for the
     provision of any services). All information and figures source The Bank
         of New York Mellon as at 31 March 2011 unless otherwise stated.
      The Bank of New York Mellon, London Branch, registered in England and
                        Wales with FC005522 and BR000818
    Branch office: One Canada Square, London E14 5AL Authorised and regulated
                 in the UK by the Financial Services Authority.

Serra Balls, +44-20-7964-8798, serra.balls at bnymellon.com, or Kevin Heine, +1-212-635-1590, kevin.heine at bnymellon.com